California Revenue and Taxation Code

§ 18871

RTC § 18871 Effective Jan 1, 2004Div. 2 · Part 10.2 · Ch. 3 · Art. 16

Statute text

In implementing this chapter, all of the following requirements shall apply:

(a)Unless otherwise specifically required by law, each voluntary contribution fund or account established by this chapter shall be included on the forms of the return through the taxable year immediately preceding the year of repeal of the article establishing that voluntary contribution fund or account.

(b)Notwithstanding the repeal of any article of this chapter, the voluntary contribution fund or account specified in that article shall continue in effect until December 31 of the year of the repeal of that article, and any contribution designated pursuant to that article on a timely filed initial return for the taxable year immediately preceding the date of repeal shall be transferred and disbursed, and all costs incurred by the Franchise Tax Board and Controller in connection with the transfer and disbursement of these contribution amounts shall continue to be paid, in accordance with that article as it read immediately prior to its repeal.

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Legislative history

Amended by Stats. 2003, Ch. 170, Sec. 1. Effective January 1, 2004.